Trapped Woodford Investors Stand By For 2nd Payout

Law360, London (March 23, 2020, 2:50 PM GMT) -- More than 300,000 investors trapped in Neil Woodford’s flagship £3.7 billion ($4.2 billion) equity fund are set to share £143 million as part of a second payment this week, the company appointed to manage the fund has said.

The payment, which is expected by March 25, represents 20% of the remaining assets of the Woodford Equity Income Fund, worth about £575 million, Link Asset Services, the fund’s authorized manager, said in a letter to investors Friday.

The cash is just a fraction of the £2 billion paid to investors in January. The new payment brings the total that has now been...

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